DESTINY TECH100 INC (DXYZ) Stock Technical Analysis
USA - NYSE:DXYZ - US25063F1075
28.07 USD
+6.77 (+31.78%)
27.8 USD
-0.27 (-0.96%)
Taking everything into account, DXYZ scores 3 out of 10 in our technical rating. Although DXYZ is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
DXYZ is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month DXYZ has a been trading in the 21.02 - 28.50 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Looking at the yearly performance, DXYZ did better than 94% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of DXYZ is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
23.78
40.22
When analyzing the support we notice one important area.
- Support @24.02 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @30.06 from a trend line in the daily time frame.
- Resistance @39.82 from a trend line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for DXYZ is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DXYZ is neutral. |
| ChartMill Relative Strength | 94.77 | POSITIVE | DXYZ has a high relative strength, it outperformed 94.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DXYZ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of DXYZ is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DXYZ is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.34 | NEUTRAL | The RSI value for DXYZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests DXYZ has a positive trend. |
| Stochastics (14,3) | 33.74 | NEUTRAL | The Stochastics value for DXYZ is a neutral value. |
| Average True Range in percent/ATR (20) | 5.2 | HIGH VOLATILITY | The high ATR as a percentage value for DXYZ suggests high volalility. |
| Average Directional Index/ADX (14) | 18.15 | NEGATIVE | The low ADX value for DXYZ suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
28.07
+6.77 (+31.78%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg31.78%
1 Week6.49%
2 Weeks8.67%
1 Month4.19%
3 Month-22.84%
6 Month-13.66%
12 Month177.65%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.71
ATR(20)%5.2%
ATR Inc306.07%
Range Today7.2
ADR(20)1.39
ADR(20)%4.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.77
Mansfield-3.46
10 Day High28.5
10 Day Low21.02
20 Day High28.5
20 Day Low21.02
52 Week High77.35
52 Week Low9.75
CS1 End24.02
CR1 Start30.06
Volume & EV
DER(3)-2.69%
DER(5)-4.58%
Volume3.95M
Volume Incr244.7%
Vol(5)1.37M
Vol(50)504.40K